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...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The conglomerate had sold down relatively modest stakes in the likes of General Motors, HP, Chevron and Procter & Gamble....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...Five long positions in five very different industries (property casualty insurance; discount retail; health insurance; aerospace and defence; travel)....
...Soon after its launch, the secretary-general of the public-private Insurance Development Forum said it was uncertain that the industry could “make much progress” without the backing of the vast US insurance...
...However, I’m kind of long the insurance industry, specifically kind of property casualty insurance industry. Now, everybody hates on this industry a little bit because, you know, the doomers, again....
...They needed their own training, insurance and vital equipment....
...General Motors-owned Cruise said on Sunday that its co-founder and chief executive Kyle Vogt had resigned....
...He had success running rival Dollar General....
...Amina Mohammed, deputy secretary-general, said Sudan’s army and its rival paramilitary group were waging an indiscriminate battle for Khartoum, and she feared mass casualties....
...Ken Stoller, assistant vice-president at the American Property Casualty Insurance Association, an industry body, highlighted the rejection of pandemic claims in many federal courts, in state high courts...
...Pension funds, hedge funds, insurance companies, all different bits of private markets, stuff where regulators don't have a huge amount of visibility on what is going on....
...“The Russians’ strategy is to show it is much more resilient to casualties than Ukraine,” said Oleksandr V Danylyuk, head of the Centre for Defence Reforms, a think-tank in Kyiv....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...What’s a couple of hurricanes and floods a year and high insurance when you got low taxes and rising property rates?”...
...The company is the only big US insurer to combine life with property and casualty units, impeding comparisons with peers....
...So they have all of this cash from these companies. They got this influx of money. Those companies are highly interest-rate sensitive....
...The government push extends to reforming so-called Solvency II rules, adopted while Britain was in the EU, to allow insurance companies to invest billions of pounds more in infrastructure....
...It wouldn’t accept insurance or take money from pharmaceutical companies. And it would have its own medical advisory council as an alternative to the US Centers for Disease Control and Prevention....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...added that without “serious action, we risk the economy simply drifting towards low growth once the V-shape bounce ends”....
...Insurance: Stranded planes, bombed-out buildings and unrecoverable debts will leave the global insurance industry with soaring payouts and legal disputes....
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